Media ININ Economy We Trust
01-03-2019 Media in\ Dubai
Real estate action in Dubai this week was AED 4.3 billion.
The Dubai Land Department recorded a total of 960 pledges of AED 2.3 billion, of which 77 million were sold for land and AED 883 were sold for apartments and villas worth AED 1.3 billion.
The most important land sales were AED 325 million in Wadi Al Safa 5 followed by a pledge of AED 325 million in Wadi Al Safa 5 followed by a AED 20 million pledge in the Palm Jumeirah area.
Al-Yafra region topped the number of sales by recording 14 sales of 25 million dirhams, followed by Al-Habiba area with 10 sales of 27 million dirhams and three in Wadi Al-Safa 5 with 7 sales worth 663 million dirhams.
In terms of the most important sales of apartments and villas, a total of AED 44 million was pledged in the Burj Khalifa area as the most significant pledge, followed by a pledge of AED 25 million in the Palm Jumeirah area and a total of AED 25 million in the Palm Jumeirah area.
The Gulf Business District topped the region in terms of the number of sales of apartments and villas, with 165 shares sold for 142 million dirhams, followed by Dubai Marina with 130 shares sold at a value of 252 million dirhams and a third in Palm Jumeirah with 97 shares sold for AED 222 million.
The mortgages were valued at 2 billion dirhams, of which 100 were land mortgages valued at 1.6 billion dirhams and 202 were villas and apartments valued at 400 million dirhams, the most important of which was in Elias 1 area valued at 629 million dirhams and another in the Dubai Investment Park area of AED 200 million.
